Company Valuation: Nichols plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 550.2 391.2 415.8 463.9 348.9 402.3 - -
Change - -28.89% 6.3% 11.56% -24.8% 15.3% - -
Enterprise Value (EV) 1 493.5 334.9 348.8 408.8 293.1 397.8 385.6 372.6
Change - -32.13% 4.15% 17.18% -28.28% 35.7% -3.07% -3.37%
P/E -24.9x 33.7x 22.7x 26x 16.4x 16.5x 13.3x 12.6x
PBR 5.92x 4.42x 4.27x 5.52x 3.7x 3.8x 3.45x 3.14x
PEG - -0x 0.4x -8.66x 0.8x 1.1x 0.6x 2.34x
Capitalization / Revenue 3.81x 2.37x 2.44x 2.68x 1.99x 2.11x 1.88x 1.78x
EV / Revenue 3.42x 2.03x 2.04x 2.37x 1.67x 2.09x 1.8x 1.65x
EV / EBITDA 20.8x 11.5x 12.7x 13.3x 8.67x 10.9x 9.11x 8.36x
EV / EBIT 22.5x 13.6x 13.8x 14.2x 9.25x 11.6x 9.51x 8.72x
EV / FCF 26.4x 22.2x 17.9x 25.5x 22.9x 14.2x 12.6x 11x
FCF Yield 3.78% 4.51% 5.6% 3.93% 4.37% 7.04% 7.92% 9.09%
Dividend per Share 2 0.231 0.277 0.282 0.32 0.337 0.4763 0.5466 0.5856
Rate of return 1.55% 2.58% 2.47% 2.52% 3.53% 4.33% 4.97% 5.32%
EPS 2 -0.6004 0.3182 0.5032 0.4881 0.5833 0.6679 0.8266 0.8712
Distribution rate -38.5% 87.1% 56% 65.6% 57.8% 71.3% 66.1% 67.2%
Net sales 1 144.3 164.9 170.7 172.8 175.1 190.5 214.3 226.2
EBITDA 1 23.7 29.12 27.54 30.77 33.8 36.6 42.31 44.55
EBIT 1 21.92 24.6 25.19 28.86 31.7 34.3 40.55 42.75
Net income 1 -22.17 11.64 18.36 17.84 21.44 25.1 30.78 32.47
Net Debt 1 -56.67 -56.3 -67.03 -55.18 -55.74 -4.482 -16.7 -29.68
Reference price 2 14.92 10.72 11.40 12.70 9.54 11.00 11.00 11.00
Nbr of stocks (in thousands) 36,861 36,476 36,478 36,530 36,570 36,570 - -
Announcement Date 3/2/22 3/1/23 3/6/24 3/11/25 3/11/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.47x2.09x10.87x4.33% 542M
26.65x8.24x23.6x2.38% 384B
19.36x2.72x10.61x2.97% 42.97B
18.79x1.65x10.35x2.4% 22.82B
16.83x1.47x7.25x4.86% 19.7B
10.07x1.81x9.83x4.14% 15.55B
41.08x5.45x23.69x0.44% 14.7B
15.66x0.65x4.97x2.66% 9.01B
24.9x1.79x8.25x2.27% 7.65B
Average 21.09x 2.88x 12.16x 2.94% 57.49B
Weighted average by Cap. 25.01x 6.73x 20.34x 2.53%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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